Adler Group Value Stock - Dividend - Research Selection
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Description of the company
ADO Properties S.A., together with its subsidiaries, operates as a residential real estate company in Germany. The company operates through Residential Property Management and Privatization segments. It is involved in the rental and management of residential properties, including modernization and maintenance of residential properties, management of tenancy agreements, and marketing of residential units. The company also engages in holding, operating, and selling commercial units; and the modernization, maintenance, and management of non-vacant units. As of December 31, 2016, its property portfolio consisted of 17,701 residential units with a total residential lettable area of 1,153,840 square meters; 999 commercial units, such as retail, office, and other commercial units with a total commercial lettable area of 107,816 square meters; and 3,839 parking spaces and spaces for storage, antennas, etc. The company was founded in 2006 and is based in Luxembourg, Luxembourg.